God knows it would take more than the collapse of the world banking system to make us skimp on our mobile phones, but Sony Ericsson is courting people on a budget--think teenagers and recessionistas--with the release of two new entry-level handsets.

The W205 Walkman (right) is a slider phone that will toddle after its bigger siblings in the excellent Walkman range of music phones, sporting features such as a media player, FM radio, and TrackID, which can identify songs on the radio based on a snippet recording. It will also have a 1.3-megapixel camera and multiple phone books, so siblings who share a mobile can store separate contact lists.

The S312 (left) is a candybar handset that aims to make it even easier to capture your friends making asses of themselves. It will have a dedicated video camera key, so you can be shooting by the time your pal's face hits the ground, and a 2-megapixel sensor. It will also have photo-blogging features built in, so you can share the embarrassment with the Internets.

The S312 should be appearing on shelves in the next couple of months, but we'll have to wait until the summer for the W205. Prices aren't available, but based on the specs, these handsets should be selling for pocket-money prices.